I am trying to purchase a property that has 7 units, one of which is a 4BR, with 4 individual leases.
That is fine for now, but my property management says that they will not place a new tenant in that unit because of liability.
So my question is what are my options on this when one of those tenants moves out?
I hope I'm wrong but those 4 individual leases can become very problematic and expensive! Oakland's leadership does not believe in any owners rights and with the free legal help tenants get, they might as well own your property.
Is it a 4BR with 4 Individual leases AND 3 other units in this 7 unit place? 4 individual leases in any 4 bedroom spot sounds like a college rental? Is that what the case is here?